OVERLAND PARK, Kan.-Sprint PCS released mixed third-quarter results with increased net operating revenues offset by low customer additions and higher churn rates.
The carrier said its net operating revenues were up 19 percent for the quarter to $3.16 billion over the year-ago quarter’s $2.65 billion. Sprint also reported improved ARPU of $63, operating income of $142 million, and EBITDA of $730 million. It recorded capital expenditures of $650 million.
Despite the positive financials, the carrier lost 78,000 subscribers in the quarter and experienced a 3.8 percent churn rate, up from 2.6 percent a year ago, which it blamed on tighter credit application policies, a weak business market performance and increased company-initiated deactivations. Sprint said it has implemented initiatives to strengthen customer acquisition and retention.
